Exploring Supply and Demand Concepts
Interactive Video
•
Social Studies
•
6th - 10th Grade
•
Practice Problem
•
Easy
Emma Peterson
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is Halloween candy often on sale the week after Halloween?
Because the supply of candy increases.
Because the demand for candy increases.
Because the supply of candy decreases.
Because the demand for candy decreases.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term used to describe items like video games and ice cream?
Commodities
Products
Goods
Services
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a service?
A physical item you can buy.
A type of good.
Work done for others, like by a doctor or bus driver.
A product that is sold in stores.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens to the price of candy when the supply is low and the demand is high?
The price fluctuates randomly.
The price goes up.
The price stays the same.
The price goes down.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the relationship between supply and demand?
When supply is low and demand is low, prices go up.
When supply is high and demand is low, prices go down.
When supply is low and demand is high, prices go down.
When supply is high and demand is low, prices go up.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens to the price of candy after Halloween when the demand is low?
The price goes down.
The price fluctuates randomly.
The price stays the same.
The price goes up.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do stores lower the price of candy after Halloween?
To increase the demand.
To decrease the demand.
To increase the supply.
To decrease the supply.
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